REG-SThree SThree: Confirmation of details of 2021-2023 Long-term Incentive Plan (LTIP)

SThreeAnnouncement

16/03/2021 11:35

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   SThree (STEM)
   SThree: Confirmation of details of 2021-2023 Long-term Incentive Plan
   (LTIP)

   16-March-2021 / 11:34 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   Confirmation of details of 2021-2023 Long-term Incentive Plan (LTIP)

   This announcement confirms the details of SThree's 2021-2023 LTIP that we
   noted we would set out following the publication of our Annual Report
   earlier in the year.

   As previously confirmed, and in line with the Remuneration Policy, the
   LTIP will continue to be based on SThree's performance over three years
   and subject to a two-year holding period post-vesting.

   After considering the current share price, which is tracking at or above
   pre-pandemic levels, we can confirm that the grant level will be unchanged
   at 150% of base salary in line with the Remuneration Policy.

   The performance measures and their weighting will also remain unchanged at
   50% EPS, 30% TSR and 20% strategic measure, which for 2021 will again be
   the operating profit conversion ratio.

   Following the Board's alignment on the Group's long-term business plan,
   and careful consideration of the current external environment, the
   Committee are pleased to confirm the target ranges for each measure, which
   are considered to be appropriately stretching.  These are set out below
   and will also be included in the Directors Remuneration Report for next
   year.

    

   LTIP targets        EPS         TSR vs. peer group        Strategic
                 2023 EPS to be       2021 - 2023          2023 adjusted
                  between 24.9p   performance between     operating profit
    2021-2023   (25% vesting) and median (25% vesting)    conversion ratio
                   38.9p (100%     and upper quartile    between 14.2% (25%
                    vesting)         (100% vesting)      vesting) and 21.0%
                                                           (100% vesting)

    

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   ISIN:           GB00B0KM9T71
   Category Code:  MSCM
   TIDM:           STEM
   LEI Code:       2138003NEBX5VRP3EX50
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   95634
   EQS News ID:    1175978


    
   End of Announcement EQS News Service

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